Page:United States Statutes at Large Volume 97.djvu/1241

 PUBLIC LAW 98-181—NOV. 30, 1983 97 STAT. 1209 12 USC 1713. 12 USC 1715e. rate as may be agreed upon by the borrower and the financial institution.'. (2) Section 203(b)(5) of such Act is amended to read as follows: 12 USC 1709. "(5) Bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee.". (3) Section 203(k)(3)(B) of such Act is amended to read as follows: "(B) bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee;". (4) The first sentence of the first undesignated paragraph of section 207(c)(3) of such Act is amended to read as follows: "The mortgage shall provide for complete amortization by periodic pay- ments within such term as the Secretary shall prescribe, and shall bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee.". (5) The first sentence of section 213(d) of such Act is amended to read as follows: "Any mortgage insured under this section shall provide for complete amortization by periodic payments within such term as the Secretary may prescribe but not to exceed 40 years from the beginning of amortization of the mortgage, and shall bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee.". (6) The second sentence of section 220(d)(4) of such Act is amended 12 USC 1715k. to read as follows: "The mortgage shall bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee and contain such terms and provisions with respect to the application of the mortgagor's periodic payment to amortization of the principal of the mortgage, insurance, repairs, alterations, payment of taxes, default reserves, delinquency charges, foreclosure proceedings, anticipation of maturity, additional and secondary liens, and other matters as the Secretary may in the Secretary's discretion prescribe. ". (7) Section 220(h)(2)(iii) of such Act is amended to read as follows: "(iii) bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee;". (8) Section 221(d)(5) of such Act is amended by striking out "(exclu- 12 USC 1715Z. sive" and all that follows through "mortgage market" and inserting in lieu thereof the following: "at such rate as may be agreed upon by the mortgagor and the mortgagee". (9) Section 231(c)(6) of such Act is amended to read as follows: 12 USC 17l5v. "(6) bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee; and". (10) Section 232(d)(3)(B) of such Act is amended to read as follows: 12 USC 17l5w. "(B) bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee.". (11) The first sentence of section 234(f) of such Act is amended to 12 USC 17l5y. read as follows: "Any blanket mortgage insured under subsection (d) shall provide for complete amortization by periodic payments within such terms as the Secretary may prescribe but not to exceed 40 years from the beginning of amortization of the mortgage, and shall bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee.". (12) Section 235(i)(3) of such Act is amended— 12 USC I7i5z;. (A) by striking out "and" at the end of subparagraph (D); (B) by striking out the period at the end of subparagraph (E) and inserting in lieu thereof "; and"; and (C) by adding the following new subparagraph at the end thereof:

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